Techub News reports, according to CoinDesk, that World Liberty Financial (WLFI) has added 25 million USD1 tokens through BitGo Custody by minting and has burned 3 million, resulting in a net increase of 22 million USD1 tokens in circulation. Notably, the amount minted this time is consistent with the loan repayment amount it claimed a few days ago. Previously, WLFI caused the utilization rate of the USD1 lending pool on the DeFi protocol Dolomite to approach 100% by using a large amount of governance tokens as collateral to borrow stablecoins, leading to difficulties for other depositors to withdraw. Currently, WLFI has not disclosed the specific reasons for the burn or the subsequent use of the newly minted tokens.

WLFI2.37%
USD1-0.01%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin